The Stock Exchange of Thailand (SET), together with DBS Vickers Securities (Thailand) and government units, announces the success of this year’s first roadshow “The Pulse of Asia Conference” in Singapore by attracting more than 90 foreign investors from 50 leading funds, which have about USD 2.6 trillion of assets under management.
The roadshow, held on January 12, was led by Thailand’s Deputy Prime Minister and Minister of Commerce, Kittiratt Na-Ranong and Arkhom Termpittayapaisith, Secretary-General, Office of the National Economic and Social Development Board. They presented the government’s policies on economic restructuring and Thailand’s post-flood rehabilitation, as well as the country’s strategy toward flood protection and water management, as these issues are in the foreign investors’ spotlight and affect current investment sentiment.
“The roadshow attracted great interest from foreign investors, who gave attention to the Thai stock market as it has the high level of share turnover velocity in Southeast Asia and contains more various types of investors than other regional markets, such as Malaysia and Singapore, which largely rely on institutional and foreign investors. In addition, the trading value of the Thai stock market still outperformed other regional markets during the global market’s volatility. Our trading valuation also beat Singapore’s in December. Investors also gave attention to our new trading system which will kick off in July and will connect with other ASEAN markets in August,” said SET President Charamporn Jotikasthira.
This roadshow also featured nine Thai listed companies in four sectors, which are commerce, services, property and construction, and agro and food industry. The firms are Central Pattana pcl (CPN), Charoen Pokphand Foods pcl (CPF), Siam Global House pcl (GLOBAL), Hemaraj Land and Development pcl (HEMRAJ), Minor International pcl (MINT), Precious Shipping pcl (PSL), Supalai pcl (SPALI), and Thai Union Frozen Products (TUF). The nine companies have a combined market capitalization of THB 2.7 billion (approx. USD 8.44 billion), representing 6.36 percent of the total market value as of January 12.
